Page 72 - Misc Ebook IC 78
P. 72
The Insurance Times
(ii) Loss due to natural mortality or normal trade loss.
(iii) Loss due to improper management or rough
handling.
(iv) Theft or clandestine sale.
The policy may be extended to cover the loss of
cocoons due to accident during the transit from the
insured's farm to the cocoon market , on payment of
an additional premium.
(d) Failed well insurance - This insurance applies to
Dug Wells, Bore wells or Dug cum bore wells used
for developing groundwater financed by co-
operatives or commercial banks sponsored by
National bank for agriculture and rural development
(NABARD).
The policy indemnifies the insured to the extent of
the cost of all civil constructions less the cost of
pumping equipment and their accessories, or the
sum insured, whichever is less, if the well fails yield
specified quantity of water.
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